NYSE 52 Week Lows Once Again at Levels that Have Coincided with SPX Pull-Backs Over Past Year+

On 6/27 we noted that new 52 week lows on the NYSE had been trending higher over the past year even as the SPX was flat to up. We also noted that if history held, it was likely not the…

Downside in SSEC Continues to Accelerate; Breakdown from Pennant Pattern at Hand

Last night the Shanghai Composite (SSEC) shed nearly 240 bps on the back of various Chinese macro data points. This comes on the heels of other recent weakness in the SSEC – on 6/25 we noted that the index had witnessed two straight…